The oil price helps the share market reach a four month high

The S&P/ASX 200 (ASX: XJO) hit a four month high beating 6,135 last seen on 9 January 2018, dropping back to 6,127 at the time of writing.

The run in the oil price has more than boosted the market, with the price hitting a three and a half year high after the exit of US President Donald Trump from the Iran nuclear deal. Companies doing well include WiseTech Global Limited (ASX: WTC), Oil Search Limited (ASX: OSH), CSL Limited (ASX: CSL), and BT Investment Management Ltd (ASX: PDL).

A lower dollar has helped CSL with substantial US dollar earnings, while BT Investment Management’s (now called Pendal Group Ltd) share price jumped 8% due to a strong 2018 interim profit announcement with net profit up 45% for 1H18. WiseTech continues its rally on the back of a healthy outlook for future earnings, and Oil Search will do well from higher oil prices.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We're living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That's why at The Motley Fool we've been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Cochlear or REA Group.

We've found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor Rosemary Steinfort owns shares of CSL Ltd. The Motley Fool Australia owns shares of WiseTech Global. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now